Power Grid Corporation Of India has informed that S&P Global Ratings, vide its communication dated July 23, 2024, revised stand-alone credit profile (SACP) of POWERGRID upward to 'bbb+' from 'bbb'. Further, S&P Global Ratings affirmed its 'BBB-' long-term issuer credit rating and 'BBB-' issue rating on POWERGRID. The ratings are capped by that on the Indian sovereign (BBB-/Positive/A-3). The Positive Rating outlook on POWERGRID reflects the outlook on the sovereign rating on India.
The above information is a part of company’s filings submitted to BSE.
